A Stock Sells for $14

question 72

Multiple Choice

A stock sells for $14.85 a share and has a required return of 14 percent. Dividends are paid annually and increase at a constant 3 percent per year. What is the amount of the last dividend paid?

• A) $1.46
• B) $1.50
• C) $1.59
• D) $1.63
• E) $1.70

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